3 of the Deadliest Cyber Threats to SMBs

3 of the Deadliest Cyber Threats to SMBs

There’s no question that small to midsize companies (SMBs) rely on technology to access, store, and secure data. So what happens when cyber criminals devise highly sophisticated cyber threats to jump through those technological hoops and steal your precious business data?

Cyber threats are growing more complex and deceptive by the minute, and it’s important to stay in the loop to keep your business in tact. As a business owner, you probably have a lot to do in a given day, that the last thing you have time to worry about is combating cyber threats.

But the truth of the matter is that attacks are on the rise, and business owners must be informed to stay protected. Here are three of the deadliest cyber threats to hit small to midsize businesses to date:

Healthcare Data Breaches

You’ve probably heard the stories on the news off major healthcare companies getting hit by massive data breaches and putting millions of people’s personal health information at risk. It’s already been more than a year since health insurance company Anthem was hit by the largest data breach in healthcare history – resulting in 78.8 million people’s personal information (including names, birth dates, Social Security numbers, addresses, etc.) being stolen.

In July of 2015, cyber criminals hacked into UCLA’s health system computer network, gaining access to the healthcare records of more than 4.5 million patients. Healthcare data breaches are on the rise, and oftentimes, the information stolen is used for fraudulent practices like buying/selling fake prescriptions. By keeping yourself informed of the news and learning from the mistakes of other companies, you can keep your company better prepared.

Phishing Emails

According to a report from security firm Kaspersky Lab, the first quarter of 2016 saw a huge increase in ransomware attacks. This type of malware is a form of data kidnapping in which the cyber criminal demands a ransom for a decryption key for you to (possibly) get your valuable data back. Phishing cyber threats are usually delivered in the form of emails (usually stating to be from a bank or government organization), and users are tricked into clicking on a link where they’re asked to share their personal information such as passwords or financial data. This information is then taken advantage of by hackers while you’re left feeling shocked and helpless. Be cautious of every email you open, and especially wary of the ones that ask you to give your private information.

Identity Theft

Identity is one of America’s fastest growing cyber threats. While identity theft can easily be a result of phishing emails and data breaches, simple things like sharing your resume, home address, social media photos/videos, etc., can also be access points for identity thieves. Do the best you can to protect yourself and safeguard your identity by only giving private information out to trusted sources.

At Dynamic Strategies, we’ll help you develop a security plan to train employees on IT security best practices and keep your information in the most safe hands. Give us a call for a free consultation.